{"id":1854,"date":"2020-04-13T17:00:55","date_gmt":"2020-04-14T00:00:55","guid":{"rendered":"https:\/\/www.lightsondata.com\/?post_type=tva_lesson&#038;p=1854"},"modified":"2024-11-06T20:17:43","modified_gmt":"2024-11-07T04:17:43","slug":"the-business-impact-of-misunderstanding","status":"publish","type":"tva_lesson","link":"https:\/\/www.lightsondata.com\/course\/the-business-impact-of-misunderstanding\/","title":{"rendered":"The business impact of misunderstanding"},"content":{"rendered":"<p>Here is a summary of the survey findings mentioned in this lesson:<\/p>\n<h3>Accenture Survey &#8211; <span style=\"color: rgb(46, 189, 211);\"><a href=\"https:\/\/newsroom.accenture.com\/news\/2007\/managers-say-majority-information-obtained-for-their-work-is-useless-accenture-survey-finds\" rel=\"nofollow noopener\" style=\"outline: none;\" target=\"_blank\">link<\/a><\/span><\/h3>\n<p>Online survey of more than 1,000 middle managers of large companies in the US and UK. Their key findings illustrate the true depth of the problem:<\/p>\n<ul>\n<li>Middle managers spend more than 25 percent of their time searching for information necessary to do their jobs<\/li>\n<li>More than 50 percent of the information they obtain has no value to their original search request<\/li>\n<li>Only 50 percent of all managers believe their companies do a good job in governing information distribution or have established processes to determine what data each part of the organization needs&nbsp;<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><strong>PLUS<\/strong><\/p>\n<h3>IDC Survey &#8211; <span style=\"color: rgb(46, 189, 211);\"><a href=\"ftp:\/\/public.dhe.ibm.com\/software\/data\/sw-library\/ii\/whitepaper\/Business_Glossary_Whitepaper211008.pdf\" rel=\"nofollow noopener\" style=\"outline: none;\" target=\"_blank\">IBM link<\/a> <\/span><a href=\"https:\/\/drive.google.com\/file\/d\/1ua2sYUB2_jNhXPoiME3SHpbL1iX7siqK\/view?usp=sharing\" target=\"_blank\" rel=\"nofollow noopener\" style=\"outline: none;\"><span style=\"color: rgb(46, 189, 211);\">(alternative link)<\/span><\/a><\/h3>\n<p>Survey of 600 customers across four verticals: financial, government, manufacturing and healthcare found that:<\/p>\n<ul>\n<li>The average information worker spends 9.5 hours per week searching for information. =&gt; US$14,251 per year<\/li>\n<li>The average information worker spends 3.5 hours each week searching for, but not finding the information they were looking for. =&gt; US$5,250,700 per year (ror a company of 1,000 employees)<\/li>\n<\/ul>\n","protected":false},"template":"","class_list":["post-1854","tva_lesson","type-tva_lesson","status-publish","hentry","tva_courses-business-glossary","post-wrapper","thrv_wrapper"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LightsOnData<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lightsondata.com\/course\/the-business-impact-of-misunderstanding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The business impact of misunderstanding | LightsOnData\" \/>\n<meta property=\"og:description\" content=\"The cost to the organization by not investing in a Business Glossary. 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